*ECA fund not approved for salary relief -FG* *5 feared killed in Niger communal clash*

*ECA fund not approved for salary relief -FG* *5 feared killed in Niger communal clash*

Sabinews Morning News Update for July 8, 2015


ECA fund not approved for salary relief -FG

The Presidency, on Tuesday, countered the Accountant-General of the Federation, Ahmed Idris, over his statement on the planned sharing of funds in the Excess Crude Account (ECA).

Idris had told State House Correspondents on Monday that the Excess Crude Account would be liquidated and the entire $1.7 billion therein shared among the federal, state and local governments as palliatives. Read more

5 feared killed in Niger communal clash

At least five persons are feared dead and 11 others seriously injured, following a violent clash between two villages in Agaie local government area of Niger State allegedly over farmland dispute.

Also, many houses, two cars: a Sharon and Golf Volkswagen, 18 motorcycles as well as domestic animals were set ablaze in the communal crisis last Tuesday. Read more

Army Day Celebration Stalls Courtmartial in Lagos

For the umpteenth time, the Nigerian Army (NA) authorities tuesday deferred the courtmartial of a brigadier general and 21 others in deference to the Army Day Celebration.

The army had on Sunday revealed plans to continue the trial of the soldiers at the courtmartial sitting at the 9Brigade, Ikeja Cantonment, Lagos. Read more

Election Petition: Panic in Govt House as INEC, 35 others shut out

The Imo State Governorship Election Petition Tribunal sitting in Owerri tuesday foreclosed the Independent National Electoral Commission (INEC) and 35 other respondents for failing to file their reply within the allowed time-frame in a petition filed by the Governorship candidate of the Peoples Democratic Party (PDP), Chief Emeka Ihedioha.

The counsel representing the 1st respondent, Chief Adeniyi Akintola (SAN) noted that the parties were not properly served, and that the All Progressives Congress (APC) supposed to have been served in her headquarters in Abuja instead of Owerri. Read more

EFCC Rearrests Ex-gov Lamido, Sons, Arraigns Them Today

Operatives of the Economic and Financial Crimes Commission (EFCC) yesterday in Dutse, Jigawa State capital, rearrested the immediate past governor, Sule Lamido, and his two sons, Aminu and Mustapha, over alleged N1.3 billion fraud.

The trio were however immediately whisked to Kano where they will appear in court today. Read more

Coroner To Deliver Judgment On Synagogue Building Collapse Today

A Lagos State Coroner’s Court will today deliver judgment in its inquest into the collapse of a building, serving as a hotel, within the premises of the Synagogue Church of All Nation (SCOAN) on September12, last year.

The Coroner, Oyetade Komolafe, had on June 2 fixed the date after parties in the inquest adopted their final written addresses and made their final submissions. Read more

Finance Commissioners Fault Okonjo-Iweala Over $2bn ECA Approval

Finance commissioners from the 36 states of the federation have denied granting approval for the withdrawal of $2 billion from the Excess Crude Account (ECA) as alleged the former minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala.
Okonjo-Iweala had last week said that the Federation Account Allocation Committee (FAAC) approved the withdrawal of $2 billion from the ECA. Read more

NYSC raises alarm over rejection of corps members

The management of the National Youth Service Corps (NYSC), has decried the rate at which private and government establishments rejects corps members posted to them for primary assignment, appealing for a change of decisions.

In a press release signed by the management and made available to Daily Sun, NYSC expressed disappointment over the rate corps members roam the streets of Abuja and Lagos in search of a place to carry out their primary assignment, pleading with all organizations to absorb them. Read more

‘Sylva won’t contest Bayelsa gov poll’

A former Bayelsa State Governor and leader of the All Progressives Congress, Chief Timipre Sylva, is not contesting the Bayelsa governorship election, the spokesman for the Bayelsa Peoples Consultative Assembly, Chief Alex Ekiotenne, has revealed.

Ekiotenne, who made this known at a news conference in Yenagoa, the Bayelsa State capital, on Tuesday, said his revelation stemmed from a meeting held with Sylva and members of the National Working Committee of the APC. Read more

Police nab Ebola fund scam whistle blower

It was a clear case of the hunter becoming the hunted yesterday, as the Nigeria Police Force paraded a whistleblower, 44-year old Martins Ugwu Okpe, accusing him of impersonation and breach of official trust.

Mr Okpe had for over nine years allegedly impersonated his childhood friend, George Davidson Daniel who is a medical doctor. Read more



Govt begins proper showcasing of informal sector

One of the greatest failures of successive Nigerian governments has been the inability to properly aggregate the worth of the informal sector and showcase same to the world. This also seems to be why the common understanding of Nigeria’s economy by the outside world is basically an economy in the woods. Most unfortunately the perceived bad governance and political system allegedly fraught with corruption and below par human policies, give an impression of an economy seriously in need of restructuring.

However, that may not actually be the case. The contributions of the informal sector alone, is enough to give the country a clean bill of health economically. Read more

Bank Fraud, Forgeries Rose 182.8% In 2014 – NDIC

The Nigeria Deposit Insurance Corporation (NDIC), on Tuesday released its audited financials, where it affirmed that the nation’s banks remain healthy, even as it noted the growth in the industry’s key performance indicators (KPIs). The report however equally noted the significant increase in reported cases of fraud and forgeries in the industry, besides several others that are neither reported nor captured in official data.

According to NDIC, in the year ended December 31, 2014, Nigerian banks reported 10,612 fraud cases, as against 3,786 in the corresponding period of 2013, “representing an increase of 182.77 per cent.” Read more

Dangote To Double Investment In Cameroon

The president of Dangote Group, Aliko Dangote, has disclosed the company’s fresh investment drive towards expanding the output from its Douala plant, Cameroon, from the current 1.5 million metric tonnes per annum (mmtpa) to over three mmtpa.
The initial investment cost the group $150 million (about N30 billion).
During his recent visit to Cameroon, Dangote met with the prime minister, Philemon Yang; minister of Industry, Mines and Technological Development, Emmanuel Bonde, and the minister of Trade, Luc Magloire Mbarga Atangana. Read more

E-wallet policy not changed –FG

The Federal Government has not reversed the Growth Enhancement Scheme (GES)‎ of the Ministry of Agriculture otherwise known as e-wallet, meant to supply fertilisers to farmers without middlemen.

This is even as President Muhammadu Buhari has given ‎the Ministry of Agriculture the go-ahead to fine-tune strategies for ending farmers/herdsmen clashes using the blueprint formulated during his tenure as chairman of the Petroleum Trust Fund (PTF) some years back. Read more

Oil and Gas

Shell moves against illegal oil refining in Ogoni land

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has kicked off the second phase of its grassroots campaign against crude oil theft and illegal oil refining activities in Ogoni land.

The first phase of the campaign in 2014 reached over 7,000 community people from Eleme, Gokana, Khana, and Tai local government areas. Read more


Oliseh in line for Eagles job

The President of the Nigeria Football Federation, Amaju Pinnick, held a closed door meeting with the proposed coach of the Super Eagles in London on Tuesday.

Although Pinnick spoke with The PUNCH on the telephone from the United Kingdom on Tuesday, he did not name the coach he was meeting with. Our correspondent, however, learnt that the talk was with a former Super Eagles captain, Sunday Oliseh. Read more

Shorunmu Fate Hangs In The Balance

Aftermath of the sack of Super Eagles Head Coach, Stephen Keshi, last Saturday, the fate of his goalkeeper trainer, Ike Shorunmu, is hanging in the balance.

This is because the former Super Eagles goalkeeper was yet to renew his contract with the NFF before Keshi was kicked out last Saturday. Read more

Revealed: Why NFF won’t pay Keshi

Unlike most coaches who smile to the bank after being sacked by their employers, former Super Eagles coach, Stephen Keshi may not be getting a dime from the nation’s soccer governing body, NFF.

Daily Sunsports gathered that the NFF, who have two lawyers on board were beating their chest that Keshi won’t get any compensation after being sacked. Read more

Injured Falcons defender abandoned by NFF

A special plea has been sent to the Nigeria Football Federation (NFF) from concerned stakeholders not to abandon ex-Falconets captain, Gloria Ofoegbu, who got injured while on international duty.

Ofoegbu, who captained Nigeria at the 2012 U-20 Women’s World Cup and has always showed commitment in her quest to defend the nation needs to undergo surgery on her knee. Read more

Sharks declare Olaoke, Fabiyi missing

The Management of Sharks FC have declared two of its players missing from the club. They are Yomi Olaoke and Tayo Fabiyi.

The General Manager of the team, Okey Kpaluku, who made this known in a statement made available to SportingLife by the club’s media officer, Peter Abaje, said  both players were last seen in camp after week 11 and 12 encounters in the league respectively. Read more

World News

Ghana’s ruling party reclaims parliamentary seat in by-election

Ghana’s ruling party reclaimed a parliamentary seat from the main opposition on Tuesday in a closely contested by-election seen by both parties as a referendum on President John Mahama’s rule ahead of a national election in 2016.

The ruling National Democratic Congress (NDC) will view its victory in the rural Talensi seat in Upper East region as evidence that it remains viable heading into the December 2016 election season after a series of setbacks. Read more

China to set up yuan clearing system in S. Africa

China’s central bank on Tuesday signed a memorandum ofunderstanding (MOU) with its South African counterpart to set up a yuan clearing systemin South Africa.

The MOU is for the purposes of clearing and settlement of yuan in South Africa, said theSouth African Reserve Bank (SARB). Read more

Call for immediate WHO reform after Ebola failure

Experts called on Tuesday for urgent, root-and-branch changes to the World Health Organisation after an inadequate response to West Africa’s vast and deadly Ebola outbreak.

The UN agency “does not currently possess the capacity or organizational culture to deliver a full emergency public health response”, a panel of independent experts said in a report on the WHO’s handling of the Ebola crisis. Read more

KZN court jails teen’s rapist

A 37-year-old man has been sentenced to 38 years in prison by the Pinetown Regional Court in KwaZulu-Natal on five counts of raping his teenage stepdaughter.

Police spokesperson Major Thulani Zwane said the conviction was secured on Monday.

“The victim was able to give competent evidence as her ordeal started when she was a minor at the age of 13. Read more

Mount Fuji, Japan’s Tallest Mountain, Will Soon Have WiFi

It’ll soon be much easier to share your selfie on Mount Fuji, Japan’s tallest peak. Officials in the local prefectures are installing free WiFi for all hikers, an initiative designed to spur tourism on the iconic mountain.

The program is specifically aimed to encourage hikers from Europe and the U.S. to share experiences on the 3,776 m volcano through email and social media. There will be eight WiFi hotspots in the vicinity, reports local daily Asahi Shimbun. Read more

Euro zone gives Greece until Sunday for debt deal

Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe’s currency bloc and into economic ruin.

“The stark reality is that we have only five days left … Until now I have avoided talking about deadlines, but tonight I have to say loud and clear that the final deadline ends this week,” European Council President Donald Tusk told a news conference. Read more

Thousands of residents to return home following Fukushima nuclear disaster

More than 7,000 residents from a Fukushima town completely evacuated following the 2011 nuclear crisis will be able to return home permanently from September, the Japanese government has announced.

The 7,401 residents of Naraha will become the first evacuees able to return home permanently among the seven Fukushima municipalities whose entire populations were ordered to leave following the crisis. Read more


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About The Author

Osigweh Lilian Oluchi is a graduate of the University of Lagos where she obtained a B.A (Hons) in English, Masters in Public and International affairs (MPIA). Currently works with 1stnews as a Database Manager / Writer. [email protected]

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